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Nov 29, 2012
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Dec 10, 2012
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Dec 8, 2012
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if east serious, to come back to us with a counteroffer. >> not a no
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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Dec 6, 2012
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a wa
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to...
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boehner handled the fiscal cliff negotiations incredibly low ratings for congress. you have about 3/4 of the electorate who say politics right now is doing some serious harm. while at the same time they give the president strong ratings. so they're really taking aim at congress. and i think all of that leads to a situation where voters have really had it now with congress. and they want to see everyone come to the table. and that gives the president a real edge. >> you know, victoria, let me ask you this quickly. that we've seen after four years in office that this president, we see more and more of him as a person. one that sticks out is his emotional speech to his team after his win. watch this. >> what you guys have done, i'm really proud of that. i'm really proud of all of you. and -- >> we're seeing the emotions that we didn't see before as we go into the second term, victoria. >> you know, and as voters, we act with both our hearts and our minds. and i think what obama does is he puts forward that combination that you can agree with his policies. you see the v
boehner handled the fiscal cliff negotiations incredibly low ratings for congress. you have about 3/4 of the electorate who say politics right now is doing some serious harm. while at the same time they give the president strong ratings. so they're really taking aim at congress. and i think all of that leads to a situation where voters have really had it now with congress. and they want to see everyone come to the table. and that gives the president a real edge. >> you know, victoria, let...
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but you can see the pieces coming together, as you laid out, on the fiscal cliff. some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not at all clear that the republicans will agree to including a debt limit increase in that kind of package. if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration, the white house has been very clear, they will not sign anything, even to get past december 31st. that doesn't include a debt ceiling of some sort. so do you think they can hold firm on that if republicans offer them a package that doesn't include the debt ceiling? >> this is where i think the tension is now arising, which is even if you have some agreement over the tax rates which will jam the republicans a bit, can you jam them on the debt limit also. i think the concern will be an administration overstepping or overreaching and trying to jam a debt limit inc
but you can see the pieces coming together, as you laid out, on the fiscal cliff. some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not at all clear that the republicans will agree to including a debt limit increase in that kind of package. if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the...
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't reached it, will be the fault of republicans and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last...
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there's no deal yet to prevent the country from going over the so-called fiscal cliff. income tax rates rise on everybody, also going up, payroll taxes, capital gains, dividends, estate and gift taxes. 27 million more people paying the alternative tax. $110 billion in spending cuts going in to effect, unextended unemployment benefits expiring and payments to medicare go down. what does your gut tell you? are you worried about what will happen tonight? go to facebook.com/newsnation to vote. >>> and take a look at what the "news nation" is saying about yesterday's "gut check." do democrats and republicans want to go off the cliff? 31% said, yes. 69% said, no. >>> that does it for this edition of "news nation." i'm t.j. holmes in for tamron hall. "the cycle" is up next but first look at the holiday wishes from all the people here at msnbc. we're working hard behind the scenes to make sure you get the news every day. >> happy holidays from "the daily rundown." >> happy holidays. >> and have a very happy new year. >> happy holidays. >> happy holidays. ♪ >> happy new year f
there's no deal yet to prevent the country from going over the so-called fiscal cliff. income tax rates rise on everybody, also going up, payroll taxes, capital gains, dividends, estate and gift taxes. 27 million more people paying the alternative tax. $110 billion in spending cuts going in to effect, unextended unemployment benefits expiring and payments to medicare go down. what does your gut tell you? are you worried about what will happen tonight? go to facebook.com/newsnation to vote....
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...
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the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and millionaires. it's a sad state of affairs. >> one thing that we've seen in the days leading up, at least through this week, that there has been optimism from both sides expressed by speaker boehner, also by the president, and also republican tom cole, congre congressman, seem to be on board. now we have conservatives like charles krauthammer putting out their pieces saying let's go over the fiscal cliff, let the president do this. then john cornyn, republican from texas, saying apparently the president wants us to go over the fiscal cliff. this is serious business, demanding higher taxes, more stimulus
the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and...
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cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving of the way for entitlement reform as well as tax reform with lower rates. 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i'm proposing we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans wor
cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can...
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let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put ba
let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be...
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in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated stock. its value goes up. those are called capital gains. 20% is already below the tax rate that folks at the top of the scale pay on their earnings. so the president is saying there's a lot more room there to close out some of those loopholes and deductions. you mentioned carried interest. that's a deal where the manager of a drugstore gets taxed at the ralt of his earnings. a manager of a hedge fund gets those special privileged tax rates on the capital gains or the dividends. >> now, angela, i know you're a political strategist, but you worked on the hill with some of the congress people that represented some of the more working class districts in the country. and this is not about class warfare. when you look at the fact that the bottom 20% of americans only get 3% of all tax breaks, the top 20% get 66% of all tax breaks. we're talking about inequality here. we're not
in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated stock. its value goes up. those are called capital gains. 20% is already below the tax rate that folks at the top of the scale pay on their earnings. so the president is saying there's a lot more room there to close out some of those loopholes and deductions. you mentioned carried...
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cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> reporter: john boehner dug in. no rate rises on anyone. >> the president's idea of a negotiation is roll over and do what i ask. >> reporter: the opening bid brought the gop leaders by geithner is a nonstarter. >> i was flabbergasted. i looked at him and said, you can't be serious. >> reporter: included in the offer, $1.6 trillion in new revenue, twice what was on the table in last year's failed grand bargain, and $
cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to...
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to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the economy was doing exceptionally well, then there will not be an agreement. >> let's go to the other side. republican house speaker john boehner also digging in, admitting that talks are going nowhere. speaker boehner also describing the moment when geithner first showed him the president's opening offer. >> i was flabbergasted. i looked at him, i said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire
to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the economy was doing exceptionally well, then there will not be an agreement. >> let's go to the other side. republican house speaker john boehner also digging in, admitting that talks are going nowhere. speaker boehner also describing the moment when geithner first showed him the president's opening offer. >> i was...
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if we go over the fiscal cliff, which is actually more of a hill than a fiscal cliff. what that means essentially is that all tax rates go back to the clinton tax rates. the clinton tax rates were not that horrible. i was happy to be and proud to be a member of the clinton administration and we had a very good economy. >> congressman, are you okay with those rates? >> i don't accept, and i usually agree with the professor, i don't accept that we should all just wait until the new administration comes in. i don't think that puts us in a better place at all. we could raise a lot of money and lose a lot of money at the same time if we let all the tax cuts expire. there's no guarantees that the middle class tax cuts will pass. you're going to have a few less republicans in the house of representatives. i don't agree with that. i think we should make an effort. let me tell you something. i think we should look at the example of president when he was a senator, senator obama and senator mccain, when they made that decision in september, both of them, in the heat of a preside
if we go over the fiscal cliff, which is actually more of a hill than a fiscal cliff. what that means essentially is that all tax rates go back to the clinton tax rates. the clinton tax rates were not that horrible. i was happy to be and proud to be a member of the clinton administration and we had a very good economy. >> congressman, are you okay with those rates? >> i don't accept, and i usually agree with the professor, i don't accept that we should all just wait until the new...
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cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc meteorologist bill karins has been tracking those storms. it looks bad. >> impressive. ten inches in minneapolis. winter has arrived and in a big way through the middle of the country. the wind chills are brutal this morning. all of this mess is now sliding to the east coast. thankfully not the snow and ice. the storm itself is actually located over lower michigan heading up towards just north of buffalo. these storms in the winter that track up into canada drag warmer air to the east coast. that's why we're not worried about a big snow
cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc...
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the fiscal cliff deal passed the house, 257 to 167 with only 85 republicans voting for it. and 151 republicans voting against it. boehner broke his rule again tonight when he allowed a vote on a $51 billion hurricane relief package to sandy. the bill passed the house, with just 49 republicans voting for it and 179 republicans voting against hit. today, chuck todd asked if the boehner rule will apply to the debt ceiling. >> if there is not a majority in the house republican conference to raise the debt limit but there is a majority in the house of representatives to raise a clean debt limit, would the leadership be willing to do that? >> you know, let's look at how do we avoid default on america and america's debt? how do we avoid these issues that are going to bankrupt the country long-term. >> the guy kept talking but he simply refused to answer chuck's question. he said a lot more words, but i'm not going to waste your time with what those words were. but rush limbaugh thinks that he knows what is going to happen. >> crisis to crisis, republicans always cave, but it is a
the fiscal cliff deal passed the house, 257 to 167 with only 85 republicans voting for it. and 151 republicans voting against it. boehner broke his rule again tonight when he allowed a vote on a $51 billion hurricane relief package to sandy. the bill passed the house, with just 49 republicans voting for it and 179 republicans voting against hit. today, chuck todd asked if the boehner rule will apply to the debt ceiling. >> if there is not a majority in the house republican conference to...
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. >> i've outlined a framework how both parties can work together to avert the fiscal cliff without raising tax rates. ways to put revenue on the table without increasing tax rates. >> mark a baby version of the themes we've talked about before, which is to say you have a hard line part of the republican party then the deal making part of the republican party and the democrats. how do you think this turns out? can john boehner, do you think john boehner can corral or quiet the more radical elements of the republican party to come to the table with the president to make a grand deal in some form or fashion? >> ultimately, yes. i think those are the starting negotiating positions which are understandable. you have obama 250, you have republicans at least admitting there needs to be new revenue and want to go through the loopholes first and see where they can get revenue there. that's obviously not going to be enough. some point they're going to have to give on it. it may be ultimately that we have a situation where they -- the tax cut dozen expire. we go off the cliff for 24 hours but that of
. >> i've outlined a framework how both parties can work together to avert the fiscal cliff without raising tax rates. ways to put revenue on the table without increasing tax rates. >> mark a baby version of the themes we've talked about before, which is to say you have a hard line part of the republican party then the deal making part of the republican party and the democrats. how do you think this turns out? can john boehner, do you think john boehner can corral or quiet the more...
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are going to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: one vote with key players still far from agreement. no word yet on when the next white house meeting might take place. lynn? >> tracie potts for us in washington, thanks. >>> last night on "hardball," republican senator tom coburn told chris matthews about his vision for averting the fiscal cliff. take a listen. >> there's no question we can have the rich pay more, but that won't solve our problem. >> i agree. >> and with that comes negatives. the real problem is is you've got an entitlement system that's out of whack, and the demographics are exaggerating that. and you've had discretionary spending increases, you know, the budget of this country this year is twice what it was 11 years ago. and a good portion of that is discretionary. some of it, $100 billion a year is the war, but the rest of the government has grown. so we have to do both. and we have to make sure that whatever we do does not hurt us but gets us on the way to recovery. >> be sure to watch "hardball" with c
are going to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: one vote with key players still far from agreement. no word yet on when the next white house meeting might take place. lynn? >> tracie potts for us in washington, thanks. >>> last night on "hardball," republican senator tom coburn told chris matthews about his vision for averting the fiscal cliff. take a listen. >> there's no question we can...
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in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual element of the comprehensive immigration reform and taken one piece and putting it on the floor, it becomes where everybody else wants to add on. if you put ag jobs on the floor for the agriculture industry, the high tech industry said wait a minute, we need visas for high tech workers. site food industry said we need the low visas for ship hands. then you have the hotel and restaurant industry. you have a series of elements that become a demand. you are back to trying to solve the problem comprehensively. there is a agreeing consensus that we have to achieve through comprehensive reform. what that pathw
in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual...
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would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it created 20 million jobs. higher rates in terms of tax rates for the healthy and created a tax scheme, if you will, a structure that protected the middle class. that's what i'm interested in along with entitlements that are a safety net for the middle class, and we're not prepared to look any way that would undermine those protective nets. in that means rates have to go higher for the wealthy, then i think the wealthy who voted for president obama in large numbers understand the mutual sacrifice necessary to build and continue to build the economy. it's already building. we need everyone to commit to a sa
would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it...
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i mean, they lost on the fiscal cliff and the top rate tax increases. they backed down on the debt limit. if you listen to paul ryan on "meet the press" last sunday, it's clear they're not going back there. there is movement on immigration reform. you have a bipartisan group of senators. some of them pretty conservative, very conservative working on a background check in terms of gun control. and boehner himself may have to bring a number of bills to the floor of the house where a majority of his caucus is against them. so he has to sound tough, even if it's bluster. he is not the only one, by the way. marco rubio, who has moved toward the president on immigration reform is simultaneously attacking the president on immigration reform. >> so it's easy to say the republicans are being caught totally off their game by the pace of the obama agenda. fair enough? >> i think that's true. and when the president gave his inaugural address, there were all these comments about how far left it was or how far out of the mainstream it was. and there have now been a w
i mean, they lost on the fiscal cliff and the top rate tax increases. they backed down on the debt limit. if you listen to paul ryan on "meet the press" last sunday, it's clear they're not going back there. there is movement on immigration reform. you have a bipartisan group of senators. some of them pretty conservative, very conservative working on a background check in terms of gun control. and boehner himself may have to bring a number of bills to the floor of the house where a...
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Dec 6, 2012
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and as you know, this isn't one fiscal cliff. this is six or seven different things that can be taken on one at a time. the middle class and the working class can be protected. the only thing preventing that from happening is the house leadership. and that's a tough situation for the republicans to be in, where they either have to show their true priority, which is to hold the middle class hostage, or take this piece away and be forced to show what they're really standing for. >> but if you look at the fish bowl the republicans are swimming in right now, there are a lot of sharks. you've got mitch mcconnell, who's running for re-election. you've got eric cantor, looking over speaker boehner's shoulder. he'd love to have that job. i mean, how can you get an honest broker out of the republican camp, when all of this stuff is swimming around? you've got the hard right-wing tea partyers out there. you've got mcconnell looking at possibly being in a real tough re-election. and as i said, you know, boehner, is he protecting his backsid
and as you know, this isn't one fiscal cliff. this is six or seven different things that can be taken on one at a time. the middle class and the working class can be protected. the only thing preventing that from happening is the house leadership. and that's a tough situation for the republicans to be in, where they either have to show their true priority, which is to hold the middle class hostage, or take this piece away and be forced to show what they're really standing for. >> but if...
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. >> senator schumer has proposed one solution to the fiscal cliff challenge vis-a-vis tax rates is closing the loopholes as they apply to the highest income earners without changing rates. just to be clear would this meet the president's test of raising tax raits on the wealthiest americans? >> the president has made clear that the only acceptable approach to dealing with our fiscal challenges the only approach that allows us to continue to invest to areas of the economy so key to future growth is to take a balanced approach. to make sure that in addition to the trillion dollars in tax -- in spending cuts the president signs into law, in addition to doing more on the spending side and more to reform our entitlement programs so that their strengthened we have to include revenue. that means as athe president made clear every day this year on the campaign trail asking the wealthiest to pay a little bit more. the president in his own specific proposals has put forward measures that include reform to our tax code like the buffett rule and proposals like limiting deductions for higher earners. s
. >> senator schumer has proposed one solution to the fiscal cliff challenge vis-a-vis tax rates is closing the loopholes as they apply to the highest income earners without changing rates. just to be clear would this meet the president's test of raising tax raits on the wealthiest americans? >> the president has made clear that the only acceptable approach to dealing with our fiscal challenges the only approach that allows us to continue to invest to areas of the economy so key to...
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Mar 12, 2013
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the fiscal cliff. you also include $716 billion in medicare cuts through obama care that you opposed in this last campaign. is it fair to say that those parts of the president's policies make it easier to balance the budget? >> it is fair to say that. >> he went onto say his budget assumed the repeal of obama care. that statement that he's going to repeal obama care in his budget got a lot of headlines today. it caused a fox news anchor to do a bit of a double take in the interview. >> are you saying that as part of your budget you would repeal, you assume the repeal of obama care? >> yes. >> that's not going to happen. >> we believe it should. this is what budgeting is about. it's about making tough choices. >> paul ryan is not repealing all of obama care. he's repealing the part that gives people health insurance but he is keeping as he has in his other budgets the tax increases in obama care and the medicare cuts. those same medicare cuts that they ran against in the election. that is the repeal of
the fiscal cliff. you also include $716 billion in medicare cuts through obama care that you opposed in this last campaign. is it fair to say that those parts of the president's policies make it easier to balance the budget? >> it is fair to say that. >> he went onto say his budget assumed the repeal of obama care. that statement that he's going to repeal obama care in his budget got a lot of headlines today. it caused a fox news anchor to do a bit of a double take in the interview....
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quite frankly, some people in this 2% who call me, they're more worried about the fiscal cliff than they are about rates going up a couple of points." congressman thomas rooney of florida said, "if there are truly real entitlement reforms that are going to be preserve social security and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to go up, ed. it's a matter of simple math, as the president h
quite frankly, some people in this 2% who call me, they're more worried about the fiscal cliff than they are about rates going up a couple of points." congressman thomas rooney of florida said, "if there are truly real entitlement reforms that are going to be preserve social security and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a...
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even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get
even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would...
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that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry reid's leadership. we were able to get them to stand down from the filibuster and we passed that tax cut. everybody gets it up to $250,000. after that, clinton tax cuts kick in for those over $250,000. we passed that with a majority vote, and they're sitting on it and won't do it. >> but the cbo report paints a very tough picture in january of 2013. and this is going to be an argument that the democrats are going to have to win with the public, is it not? this squarely puts the focus back on winning the argument. how do the democrats win that argument? >> as i said, number o
that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry...
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that is speaker boehner's alternative plan for avoiding the fiscal cliff and called for allowing rates to go up on those making $1 million or more. here is a little more of what house speaker john boehner and president obama had to say on friday. take a listen. >> we have a number of our members who didn't want to be perceived as having raised taxes. >> i expect democrats and republicans to get back to washington and have it pass both chambers. and i had immediately sign that legislation into law, before january 1st of next year. >> >>. >> reporter: now, lawmakers are expected to return to washington after the christmas holiday. president obama still has hope that a deal can get done by january 1st deadline. alex, the clock is ticking and a lot of pressure to get something done. many economists said we do go over the fiscal cliff, the country could slide back into recession. >> kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama st
that is speaker boehner's alternative plan for avoiding the fiscal cliff and called for allowing rates to go up on those making $1 million or more. here is a little more of what house speaker john boehner and president obama had to say on friday. take a listen. >> we have a number of our members who didn't want to be perceived as having raised taxes. >> i expect democrats and republicans to get back to washington and have it pass both chambers. and i had immediately sign that...
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. >>> you know, if the country does go over the fiscal cliff, we've been talking about tax rates go up and the charitable deduction stays the same in in a scenario might they see more giving next year? >> you know what? the knowledge about this is really unknown. deductions are not the main reason people give to charity. so the question is what will he do with the deduction, and how are wealthy people going -- >> what's your suggestion? >> i think they should leave it alone president. we're the most generous country in the world, so why don't you just leave the deduction in place, is my suggestion. >> thank you for your time. >> thanks. >>> final preparation are under way at the north pole. yeah. right now we will check in with norad as they monitor the radar for indications that santa has begun his big night. >>> how does he keep track of the names? does he write them down? >> using an ipad, and he types what house number, and then the name appears up on the ipad. >> is there a special santa app. that he uses? >> yeah, special santa app.. [ male announcer ] in blind taste tests, even
. >>> you know, if the country does go over the fiscal cliff, we've been talking about tax rates go up and the charitable deduction stays the same in in a scenario might they see more giving next year? >> you know what? the knowledge about this is really unknown. deductions are not the main reason people give to charity. so the question is what will he do with the deduction, and how are wealthy people going -- >> what's your suggestion? >> i think they should leave it...
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he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation commie. wait until you hear her. she's still at it and totally irrelevant. this is "hardball," the place for politics. [ thunder crashes] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> back to "hardball." in the "sideshow," a protest takes a turn for the better. it started out when ohio senator rob portman took to a stage at a fix the debt conference in washington today. a group of protesters pre-empted
he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation...
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Dec 19, 2012
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extended. >> boehner is basically offering to end the fiscal cliff talks for the holidays. he would take up the spending cuts and debt ceiling debate next year. joining me tonight editor at large for salon, joan walsh. and democratic strategist bob shrum with us tonight. great to have both of you with us. >> thanks, ed. >> joan, what is boehner trying to prove here with this strategy? that he is so concerned with small business? what is happening here. >> exactly. i mean, look. he knows plan b is doa, ed. it doesn't do anything. it doesn't solve any problems. you know, it protects people who make between 250 and 1 million who are still quite wealthy. it doesn't make a dent in the deficit. and it also doesn't solve any of the sequestration problems. so, you know, i'm not a big fan of some of the issues, some of the concessions that i hear might be on the table. i'm withholding judgment until i hear everything that may be on the table, ed. but, you know, there is an argument for a deal. if you can get some unemployment insurance, if you get some infrastructure funding, and if
extended. >> boehner is basically offering to end the fiscal cliff talks for the holidays. he would take up the spending cuts and debt ceiling debate next year. joining me tonight editor at large for salon, joan walsh. and democratic strategist bob shrum with us tonight. great to have both of you with us. >> thanks, ed. >> joan, what is boehner trying to prove here with this strategy? that he is so concerned with small business? what is happening here. >> exactly. i...
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i laid out a reasonable way forward to avoid the fiscal cliff. that is putting in, increased revenues on the table and through reforming our tax code. it is time for the house to lay this out. >> you h talk about it even if you believe it is the wrong approach. >> of course we will talk about it. >> talk about it. that is enough for rush limbaugh to think that john boehner is a traitor to a noble cause. >> the night of the election, we are the fire wall. we are the last stand. there would be no tax increases that is out the window now. they are making a huge error if they think that demography did them in. they didn't get their base out. this is not insignificant. >> i felt there wasn't enough of you in our opening video. that is why i need you here as a guest tonight. >> i will hog the camera for a long as you like. >> the camera loves you. that is why you are in there every night. >> rush is in a panic. he feels there is going to be more bite on his $50 million he takes home every year. >> this fiscal cliff thing, he can talk all he wants, but
i laid out a reasonable way forward to avoid the fiscal cliff. that is putting in, increased revenues on the table and through reforming our tax code. it is time for the house to lay this out. >> you h talk about it even if you believe it is the wrong approach. >> of course we will talk about it. >> talk about it. that is enough for rush limbaugh to think that john boehner is a traitor to a noble cause. >> the night of the election, we are the fire wall. we are the last...
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he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation commie. wait until you hear her. she's still at it and totally irrelevant. this is "hardball," the place for politics. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's wh
he's got to get it done -- >> he's got to get it done -- >> you go off that fiscal cliff, you're part of the chaos and you're in the midst of the chaos. >> however he gets there, he will get there. >> okay, captain ahab. thank you, michael steele and steven mcmahon. i'm with michael tonight. drives people crazy. a broken clock is right twice a day. >>> up next, the latest from sarah palin who is never, ever right! she says the president is turning the nation...